1
Foundations of AI in BFSI
Gain an understanding of the fundamentals of AI, ML, and DL, and how they are used in the BFSI industry.
Learning Outcomes
2
Applications Across Financial Functions
Examine AI applications in cybersecurity, market risk, fraud detection, and credit risk.
3
Evaluating AI Solutions
Discover how AI can improve consumer engagement, personalization, and operational efficiency.
4
Practical AI Implementation
Examine AI applications from distribution to underwriting throughout the insurance lifecycle.
5
Ethics, Law & Cybersecurity
Recognize the security, privacy, fairness, and regulatory facets of responsible AI in BFSI
6
Insights from Real-World Cases
Assess AI solutions according to integration, explainability, compliance, and data quality.
7
Become Future Ready
Discover upcoming AI developments in BFSI and gain knowledge from practical application examples.
Program structure
Lesson Plan
5 modules • 51hours total length
Module 1: Foundations of AI in BFSI
Module 1: Foundations of AI in BFSI
What you'll learn
- Defining AI, ML, and DL in the BFSI context
- Tracing the evolution from rule-based systems to advanced AI models
- Analyzing BFSI data types, quality, and unstructured sources
- Applying NLP, predictive analytics, and computer vision in BFSI workflows
- Evaluating benefits, risks, and compliance challenges in AI adoption
- Building foundational BFSI AI workflows and vendor evaluation processes
Skills you'll gain
AI Fundamentals BFSI DataNLP for DocumentsPredictive AnalyticsComputer VisionCompliance AwarenessAI Adoption
Module 2: Risk Assessment & Fraud Detection
Module 2: Risk Assessment & Fraud Detection
What you'll learn
- Applying AI for credit scoring and early delinquency detection
- Designing real-time fraud monitoring and anomaly detection systems
- Using behavioral biometrics for fraud prevention
- Building AI models for market risk, volatility, and portfolio optimization
- Conducting AI-driven stress testing and scenario simulations
- Applying AI to cyber risk analytics and fraud pattern evolution
Skills you'll gain
Credit Risk AnalyticsFraud DetectionBehavioral BiometricsAnomaly DetectionMarket Risk ModelingCyber Risk AnalyticsScenario Simulation
Module 3: Personalized Banking & Wealth Management
Module 3: Personalized Banking & Wealth Management
What you'll learn
- Building customer profiles using segmentation and sentiment analysis
- Applying predictive models for cross-sell, up-sell, and recommendations
- Leveraging robo-advisors and virtual relationship managers for client support
- Implementing next-best-action engines and personal finance nudges
- Optimizing service delivery with AI-driven document and contact centre tools
Skills you'll gain
Customer SegmentationSentiment AnalysisPredictive RecommendationsRobo-AdvisorsNext-Best-ActionService AutomationWealth Management AI
Module 4: AI in Insurance
Module 4: AI in Insurance
What you'll learn
- Applying AI in underwriting for risk assessment and policy pricing
- Automating claims processing, fraud detection, and settlement
- Enhancing customer experience with AI-powered self-service and personalization
- Implementing AI for health insurance pre-authorization, coding, and wellness
- Optimizing agent performance and reduce policy lapses with predictive analytics
Skills you'll gain
Insurance UnderwritingClaims AutomationFraud DetectionSelf-Service AIHealth Insurance AI Agent AnalyticsRetention Modeling
Module 5: Compliance, Security & Responsible AI
Module 5: Compliance, Security & Responsible AI
What you'll learn
- Interpreting RBI, SEBI, IRDAI, and global frameworks for AI in BFSI
- Applying responsible AI principles for fairness, bias, and explainability
- Designing safeguards against adversarial attacks and model poisoning
- Ensuring data privacy, consent, and compliance in BFSI AI solutions
- Exploring future trends: DeFi, blockchain analytics, quantum AI, generative AI
- Building governance frameworks and due diligence processes for BFSI AI
Skills you'll gain
Regulatory ComplianceResponsible AIExplainabilityAdversarial DefenseData PrivacyDeFi & Blockchain AIAI Governance
